ACTIVE

INCARDONA INVEST (SA)

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

25,5 k €

-1.6% YoY

Gross margin

196,4 k €

-1.3% YoY

Equity

419 k €

+6.5% YoY

What does INCARDONA INVEST do?

INCARDONA INVEST is a Public limited company incorporated in 1983. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Seraing.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.050.031

Incorporation

22/12/1983

Legal form

Public limited company

Registered office

Rue de la Limite 90 A
4100 Seraing · WallonieSee on map

Contributed capital

200 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	196,4 k €	-1.3%	199 k €	-0.4%	199,8 k €	-2.9%	205,9 k €	-1.3%	208,5 k €	-1.0%	210,7 k €	+1.0%	208,6 k €	+8.4%	192,3 k €	+26.9%	151,6 k €	-15.2%	178,7 k €	-1.7%	181,8 k €	+21.6%	149,5 k €	+3.1%	145 k €	+82.8%	79,3 k €	+38.1%	57,4 k €	+3.8%	55,3 k €	+1.6%	54,5 k €	-19.3%	67,5 k €	+6.0%	63,7 k €	+1245%	4,7 k €
EBITDA	130,2 k €	-3.6%	135 k €	-1.9%	137,6 k €	-7.9%	149,4 k €	-3.0%	154 k €	-4.6%	161,4 k €	+4.2%	155 k €	+9.8%	141,1 k €	-1.0%	142,6 k €	+4.0%	137,1 k €	-14.8%	161 k €	+20.6%	133,5 k €	+3.5%	129 k €	+98.5%	65 k €	+41.0%	46,1 k €	+4.3%	44,2 k €	+2.0%	43,4 k €	-23.7%	56,8 k €	-10.7%	63,7 k €	+1248%	4,7 k €
Operating result	68,6 k €	-6.6%	73,4 k €	-3.4%	76 k €	-13.4%	87,8 k €	+20.9%	72,6 k €	-9.2%	80 k €	+8.8%	73,6 k €	+23.1%	59,7 k €	-2.3%	61,2 k €	+11.2%	55 k €	-30.0%	78,6 k €	-3.9%	81,8 k €	+5.8%	77,2 k €	+161%	29,6 k €	+158%	11,5 k €	+16.6%	9,8 k €	+9.4%	9 k €	-60.0%	22,5 k €	-25.1%	30 k €	+535%	4,7 k €
Net result	25,5 k €	-1.6%	25,9 k €	-13.2%	29,8 k €	-36.1%	46,7 k €	+62.3%	28,7 k €	-28.2%	40 k €	+19.5%	33,5 k €	+195%	11,3 k €	-13.5%	13,1 k €	+424%	2,5 k €	-89.4%	23,6 k €	-42.8%	41,2 k €	+3.1%	40 k €	+3089%	1,3 k €	+109%	-14,1 k €	-17.0%	-12,1 k €	+15.6%	-14,3 k €	-570%	-2,1 k €	-151%	4,2 k €	+234%	-3,1 k €
Balance sheet
Equity	419 k €	+6.5%	393,5 k €	+7.0%	367,6 k €	+8.8%	337,8 k €	+16.0%	291,1 k €	+11.0%	262,4 k €	+18.0%	222,4 k €	+4.4%	212,9 k €	+5.6%	201,5 k €	+7.0%	188,4 k €	+1.3%	185,9 k €	+14.5%	162,4 k €	+34.0%	121,2 k €	+49.2%	81,2 k €	+965%	-9,4 k €	+73.4%	-35,3 k €	-52.0%	-23,2 k €	-160%	-8,9 k €	-31.4%	-6,8 k €	+38.0%	-10,9 k €
Total assets	993,9 k €	-0.9%	1 M €	+1.7%	986,1 k €	-4.7%	1 M €	-31.7%	1,5 M €	+29.6%	1,2 M €	-1.6%	1,2 M €	-6.0%	1,3 M €	-7.7%	1,4 M €	-5.5%	1,4 M €	-7.7%	1,6 M €	-13.4%	1,8 M €	+100%	904,1 k €	-2.8%	930,2 k €	+69.8%	547,9 k €	-0.0%	548 k €	-6.1%	583,5 k €	-5.9%	620,1 k €	-1.7%	631,1 k €	-2.4%	646,7 k €
Cash	28,9 k €	-79.2%	138,6 k €	+128%	60,9 k €	+116%	28,1 k €	-94.0%	466,8 k €	+1841%	24,1 k €	+14470%	165,1 €	-73.5%	621,8 €	-87.2%	4,8 k €	-84.3%	31 k €	+5.9%	29,2 k €	-83.2%	173,9 k €	+1289%	12,5 k €	+159%	4,8 k €	-91.6%	57,7 k €	+145%	23,5 k €	-8.8%	25,8 k €	+37.6%	18,7 k €	+99.1%	9,4 k €	+287%	2,4 k €
Debts	574,9 k €	-5.6%	609 k €	-1.5%	618,5 k €	-11.3%	697,3 k €	-43.0%	1,2 M €	+35.1%	905,9 k €	-5.7%	960,3 k €	-8.5%	1 M €	-9.6%	1,2 M €	-6.2%	1,2 M €	-10.3%	1,4 M €	-16.1%	1,6 M €	+110%	782,9 k €	-7.8%	849 k €	+52.3%	557,3 k €	-4.5%	583,3 k €	-3.9%	606,7 k €	-3.6%	629 k €	-1.4%	637,9 k €	-3.0%	657,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Sebastien INCARDONA

Managing director

Active

Ended mandates

Giuseppe INCARDONA

Managing director · since 01 avril 2012 · until 01 avril 2018

Ended

Leonarda ALFONSO

Director · since 01 avril 2012 · until 01 avril 2018

Ended

Sebastien INCARDONA

Director · since 01 avril 2012 · until 01 avril 2018

Ended

Giuseppe INCARDONA

Managing director · since 01 avril 2006 · until 01 avril 2012

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/08/2026	27/08/2025	27/08/2024	31/08/2023	29/08/2022	31/08/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	15/05/2026	24/08/2026	French	PDF
Micro model	31/12/2024	16/05/2025	27/08/2025	French	PDF
Micro model	31/12/2023	17/05/2024	27/08/2024	French	PDF
Micro model	31/12/2022	19/05/2023	31/08/2023	French	PDF
Micro model	31/12/2021	20/05/2022	29/08/2022	French	PDF
Micro model	31/12/2020	21/05/2021	31/08/2021	French	PDF
Micro model	31/12/2019	15/05/2020	19/10/2020	French	PDF
Micro model	31/12/2018	17/05/2019	27/09/2019	French	PDF
Micro model	31/12/2017	18/05/2018	28/09/2018	French	PDF
Micro model	31/12/2016	19/05/2017	27/09/2017	French	PDF
Abridged model	31/12/2015	20/05/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	15/05/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	16/05/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	17/05/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	18/05/2012	22/08/2012	French	PDF
Abridged model	31/12/2010	21/05/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	21/05/2010	27/09/2010	French	PDF
Abridged model	31/12/2008	15/05/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	16/05/2008	22/12/2008	French	PDF
Abridged model	31/12/2006	18/05/2007	06/03/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Sebastien INCARDONA

Managing director

Active

Ended mandates

Giuseppe INCARDONA

Managing director · since 01 avril 2012 · until 01 avril 2018

Ended

Leonarda ALFONSO

Director · since 01 avril 2012 · until 01 avril 2018

Ended

Sebastien INCARDONA

Director · since 01 avril 2012 · until 01 avril 2018

Ended

Giuseppe INCARDONA

Managing director · since 01 avril 2006 · until 01 avril 2012

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/02/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates01/10/2012
DEMISSIONS, NOMINATIONS
PDF
Capital / shares11/04/2011
CAPITAL, ACTIONS
PDF
Mandates18/09/2006
DENOMINATION - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - ANNEE COMPTABLE
PDF
Mandates26/06/2006
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202525,5 k €↓
2024
Annual accounts 202425,9 k €↓
2023
Annual accounts 202329,8 k €↓
2022
Annual accounts 202246,7 k €↑
2021
Annual accounts 202128,7 k €↓
2020
Annual accounts 202040 k €↑
2019
Annual accounts 201933,5 k €↑
2018
Annual accounts 201811,3 k €↓
2017
Annual accounts 201713,1 k €↑
2016
Annual accounts 20162,5 k €↓
2015
Annual accounts 201523,6 k €↓
2014
Annual accounts 201441,2 k €↑
2013
Annual accounts 201340 k €↑
2012
Annual accounts 20121,3 k €↑
2011
Annual accounts 2011-14,1 k €↓
2010
Annual accounts 2010-12,1 k €↑
2009
Annual accounts 2009-14,3 k €↓
2008
Annual accounts 2008-2,1 k €↓
2007
Annual accounts 20074,2 k €↑
2006
Annual accounts 2006-3,1 k €
22/12/1983
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

INCARDONA INVEST (SA)

Overview

What does INCARDONA INVEST do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline